It’s been a bad year for the crypto world. How did 2022 change these guys’ lives?

Once upon a time, the crypto world has its own prosperity, the rapid accumulation of wealth in this circle of people is not a few. However, in the past year, the crypto world has experienced too many changes, resulting in it falling into a cold winter. In today's article, we'll list some of the biggest names in the crypto world in order to explore how 2022 has changed many lives.

SBF

The downfall of FTX marks the start of crypto winter. Sam Bankman-Fried, the founder of FTX, was arrested in the Bahamas last week at the request of US prosecutors. The arrest marked a major low point for this 30-year-old entrepreneur. For many years, SBF and the company he founded, FTX, have built an impressive career in the crypto world, which makes him a billionaire. However, with the collapse of FTX, that all went up in smoke. Just last week, SBF disclosed that he has only about $100,000 left. Although the American federal magistrate on Thursday ordered Sam Bankman-Fried released on a $250 million bond, the loss cannot be settled by a $250 million bond.

Alex Mashinsky

Alex Mashinsky is the former CEO of Celsius, Celsius is one of the first major crypto companies to freeze customer withdrawals. Celsius filed for bankruptcy in July 2022 and Mashinsky stepped down as CEO.

Vyacheslav Taran

(Twitter)

Vyacheslav Taran is a Russian crypto billionaire who had been living in Monaco for a long time. Taran was president of Libertex Group, a trading and investment platform, and the founder of Forex Club. Forex Club is a forex trading platform in Russia and it is one of the three top forex trading platforms in Russia. According to the Daily Mail, the Russian billionaire Vyacheslav Taran has died due to a mysterious helicopter crash. The death of Vyacheslav Taran has put a shadow over the entire Forex and crypto industry.

Stephen Ehrlich

Stephen Ehrlich, CEO, and Co-Founder of Voyager Digital Ltd. After building up a mass of 3.5 million customers at its peak, Voyager Digital filed for bankruptcy in July. The company planed to sell its assets to FTX for about $1.4 billion before the collapse of FTX. Binance reportedly will be buying Voyagers assets for about $1 billion.

Ben Zhou

Ben Zhou, the CEO, and co-founder of Bybit, announced the decision to conduct a mass layoff on December 4, 2022. This is the second time this year that this famous crypto exchange has announced massive layoffs.

Bybit is a crypto exchange rooted in Dubai. It was established in 2018 and achieve significant success in the spot market. Bybit has professionals from investment banks, technology groups, and the forex industry. The co-founder and CEO of Bybit, Ben Zhou, previously worked in XM, the reputable global forex and CFDs broker. Bybit now has more than 1.7 million registered clients across the world, and its business covers many regions including North America, Europe, East Asia, and Southeast Asia. In addition, its derivatives trading volume is among the highest in the world.

On December 4, 2022, the CEO & co-founder of Bybit unexpectedly announced that the company decided to lay off a number of employees due to the crypto winter on Twitter.